UK-headquartered global banking giant Standard Chartered Bank, largest foreign bank operating in India signed a memorandum of understanding with Pune-based business school Symbiosis Institute of Management Studies (SIMS) for a one year management course aimed at fostering talent for the retail banking space.
According to MoU, SCB’s Consumer Bank Academy and SIMS would jointly offer the Post Graduate Program in Retail Banking and Sales.
In a statement given by the bank said the students who will get enrolled in this program will be absorbed by the bank and also get on-the-job training. They will also get the opportunity to earn while working as they would be given stipend during the internship.
"The demand for talented people in the banking and financial services sector far exceeds the supply. In this partnership, the bank will bring its knowledge and understanding of the banking domain, and SIMS, the ability to nurture talent. Together, we aim to create professionals who are the best in the retail banking sector," Stanchart's Regional head of consumer banking (India and Nepal) Murali M Natrajan said.
For this year 300 students will be enrolled for the program..